Quick facts: Warnerville, NY

Quick Facts

113.7
Cost of Living
above US average
294
Population
34.01
Crime Rate per 1000
above US average
$57,000
Median Income
below US average
$173,000
Median House Price
above US average
$2943
Average Rent
above US average
12%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $57,000.

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Income Needed to Buy

βœ“ Affordable
$54k/year
Based on $173,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($57,000) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$126k/year
Based on $2943/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $126k vs median $57,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Warnerville, NY

Warnerville is a charming hamlet located in Schoharie County, New York. Situated in the northern part of the county, it offers a peaceful rural atmosphere surrounded by picturesque landscapes. The community is characterized by its small-town charm and a close-knit population, making it a great place for those seeking a quieter lifestyle away from the hustle and bustle of city life. The area is primarily agricultural, with many local farms contributing to the scenic countryside. Outdoor enthusiasts can enjoy various recreational activities such as hiking, biking, and fishing in the nearby waterways and parks. The hamlet is served by the Cobleskill-Richmondville Central School District, ensuring educational opportunities for families in the area. Warnerville's strategic location provides easy access to larger towns nearby, such as Cobleskill, which offers additional amenities, shopping, and dining options. Overall, Warnerville embodies the essence of rural New York with its serene environment and community-oriented lifestyle, making it an appealing destination for those looking to escape the fast-paced urban centers.

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